Diane Kruger's ad for Calvin Klein's new scent, Beauty, is very simple. The perfume is expected to do around $100 million in sales in its first year. [WWD]

For its second season, Bravo's The Fashion Show is ditching former hosts Fern Mallis and Kelly Rowland (who knew what she was supposed to be doing there, anyway?) in favor of...Iman! And Isaac Mizrahi is staying on. Between Iman's cool and Isaac's mania, and the wealth of fashion knowledge they both share, this should be a winning combination. [DFR]

Tyson Beckford: "It's not as glamourous as you think it is...people think you're whisked around in a fancy car, but I used to take the train to go shoot Ralph Lauren ads." A male model looks back on his career. [Forbes]

Louis Vuitton is sponsoring an ambitious partnership with a variety of top museums, galleries, and schools around London to give talented young people access to behind-the-scenes workshops and training. [Telegraph]

After bidding on a week-long "internship" at Vogue surpassed $42,000, Anna Wintour is doing another charity auction. And frankly this one sounds much better; you'll get a designer bag, tickets to a fashion show, a night at the Bowery Hotel, and $1,000 worth of Christian Louboutin. Which should mean about three shoes. Bidding starts at $6,500 and is open till Thursday. [Refinery29]

New York attorney general Andrew Cuomo has forced American Eagle Outfitters to nix a line in the employee handbook that required male workers to only wear men's clothes, and vice versa. Transgender advocates are greeting this as a victory. [NYDN]

Erin Fetherston, who is now the creative director both of her own line and of Juicy Couture, refuses to say whether or not she ever owned one of those velour tracksuits. "I'm from California," she offers. Clever dodge, but we know you're from Northern California, Erin. [The Cut]

Meet the anti-It Bag: Just as expensive as the old It Bag, only plainer. [Telegraph]

Sony is unleashing its back catalog of album art and photos for a t-shirt line. The shirts will sell for $49-$58, which price includes an online code to access a streaming playlist of music by the artist concerned. [WWD]

"In Starbucks, one barista refused to look at me while another extolled the virtues of my outfit. 'I like the material,' he said of the silky bottoms. 'It's almost like shorts.'" Road-testing $650 Dolce & Gabbana floral micro-shorts, a key look for summer, fashion friends. [Stylelist]

Prices for mink at wholesale are expected to rise 30-50% this season. Somehow we surmise anyone seriously considering a $7,000 coat will still buy a $10,000 one. [The Cut]

Meanwhile, the popularity of cashmere has meant that prices for wool have fallen hard. We foresee a solution: striped wool-and-mink coats! For that high-low, cruel-notcruel kind of feel. [NYTimes]

Vera Wang looks back on 20 years in the business of dressing America's well-heeled on their Big Day: "The first really big one was Max Kennedy's, Ethel Kennedy's son. The bride, Victoria, was heaven. She was a law student and she was beautiful. I didn't go, but from what I heard, the dress was destroyed within 10 minutes because they were playing football after the ceremony." [WWD]

Meanwhile, Wang seems to be raking it in via licenses. Her mattress deal, with the German company Serta, has seen its sales grow by more than 20% this year; she also has eyewear, fragrances, costume jewelry, bed and bath, china, and stationery — not to mention her recently announced deal to do a line for David's Bridal. Vera Wang president Mario Grauso states it succinctly: "In today's marketplace, to just have a [fashion] collection would be almost impossible. [The licensees] make us profitable." [WWD]

Someone finally won the pair of Jimmy Choos that the company has been stashing in London by following the online clues! And they were the ugly sneakers. Now the promotion will move to another major world city. [Reuters]

As part of its ongoing attempt to revitalize the Ann Taylor brand, Ann Taylor LOFT stores are getting spruced-up interiors. A prototype in Paramus, New Jersey, ditches the open-plan standard for modular fixtures that divide the store into three "arcades" for different types of clothing. And if you blog about it, they'll pay you! [WWD]

When ripping off the work of another designer, it's best not to name your imitation after the original. (Take it from Rag & Bone.) [Racked]